63 replies to this topic

[Ninja]

inverse head & shoulders on hourly gold chart...  neckline around $1244. she could rally again from here

[Timonr]

Gold has Hit its target of $1231 today and still no signs of slowing down yet, Chart attached

 26 June 2013 Big downside to come target hit s.png   260.05KB   21 downloads

 

For those that missed the GOLDen reason you should not catch a Falling piano Click Here

 

 

 

[Ninja]

prospects for upside looking bleak....

Attached Files

•  Gold(Daily)20130618104858.png   47.96KB   36 downloads

[PVAVDW]

NEWGOLD - What are the views, it has nicely run up from the my entry point at R126, but whereto now?  I thought it will get to R140 quickly but is sluggish now.

[Taurus]

HAR is up almost 20% today, wow

No wonder for what is going on in the currency market. Seems that gold moves back to "money status". And I mean Gold; not paper gold. SA has 600 ton of un-mined gold reserves. They would be the second biggest holder of reserves after the US if they cancel the mining concessions and take control of the mines.

[ClockworkOrange]

HAR is up almost 20% today, wow

[Taurus]

Massive tussle between Bears and Bulls @ 1399 in last 30 minutes

Bears not letting go...If she cant break watch it fall very quickly again!!!

Yep, paper gold will vanish. Watch the decoupling of the price of the Krugerrand to the paper gold price.

 

http://www.krugerran....php?Itemid=192

Edited by taurus, 29 May 2013 - 09:06 PM.

[Ninja]

this $1400 level showing some serious resistance... tried many times this week still no luck.... maybe she's got downside to resolve?

[Ninja]

just when you get comfy that gold is no longer a safe haven..... it starts reminding you that its still around

[StocksRock]

Anyone knows why gold going up. I thought Bernanke's supposed remarks about eventually stopping QE should bring it down ?

Or is it an "institution" that is manipulating the price once again ?!

[orca]

Has gold become an equity again?

[zoner]

Just when it was just starting to claw itself out of a hole...

Not again.

[farouk]

Yeah that guy looks like his got one leg in the Bush.

[HDB]

Yeah Jadeb...every time I see it I fell like crappIng on it myself .. he is the dickhe@d that messed this world up and caused so much poverty and grief in this world of ours!!

Urrggg, every time I see your avatar a piece of me cr@ppes itself..   Gold today low 1426 high 1463 now 1433

Edited by HDB, 10 May 2013 - 03:12 PM.

[jaDEB]

Urrggg, every time I see your avatar a piece of me cr@ppes itself..   Gold today low 1426 high 1463 now 1433

[HDB]

There goes my gold tooth down the toilet!!!  

[jaDEB]

Hope it recovers, gold is very volatile lately ...  

[Ninja]

scary $40 fall in gold price today so far.... was it a friday last time it crashed???

[du plessis]

SocGen Strategist Sees $10,000 Gold; Others Call For More Modest Rally

By Neils Christensen of Kitco News
Thursday April 25, 2013 1:55 PM

 

(Kitco News) - A Societe Generale global strategist raised a lot of eyebrows Thursday morning after releasing a report saying that he expects gold to hit $10,000 an ounce, the S&P 500 Index to bottom at 450 and 10-year yields to fall below 1%.

“My working experience of the last 30 years has convinced me that policymakers’ efforts to manage the economic cycle have actually made this far more volatile,” said Albert Edwards from Societe Generale in an extremely bearish stock-market report. “Their repeated interventions have, much to their surprise, blown up in their faces a few years later. The current round of QE will be no different.”

Although some analysts would dispute the grim outlook and the report’s target for gold, they don’t disagree that gold prices should continue to move higher.

“When I first read it, I thought there were a few too many zeros,” said Sterling Smith, futures specialist with Citi Institutional Client Group. “I had to go back and read it a second time.”

Smith said that with all the quantitative easing and low interest rates, inflation will be a major problem; however, for gold prices to jump to $10,000 there would have to be hyper inflation in the U.S., Europe and or Japan.

“And the Cubs would have to win the World Series,” he said.

Smith added that he doesn’t agree that a significant drop in equities will propel gold higher. Smith said his call is for gold prices to recover from its recent 13% correction and then move to $1,600 or $1,800 by the end of the year, which he added, is “more in line with reality.”

“I think gold can recover if prices hold above $1,400,” he said.

Bob Tebutt, partner at Amour Asset Risk Management, agreed that gold should continue higher but said right now the market is extremely fragile and people shouldn’t ignore the short-term trend.

“In the short term, the weakness is there. I am not a buyer of gold right now,” he said.

Tebutt said that although inflation is not a major concern right now, it will be down the line. According to him, the reason inflation is subdued is because banks and corporations are holding on to their cash and once they start to spend, inflation will rise.

“In my opinion, inflation will come. I just don’t know when it will,” he said. “When inflation comes, gold will get a lot higher. Who knows how high it will go.”

In his report, Edwards admits that he might get some criticism for his extreme forecast but stands by the call that rapid inflation surely beckons.

Edward’s report also goes against a recent report from Societe Generale’s commodities team that forecasted lower prices. In a report released in late March, the firm expects prices to end the year below $1,400.

Of the previous forecast, Edward said in his report, “We have been asked extensive about the slump in the gold price, especially in the context of our commodity strategist’s prescient report calling for just such a decline. My own view is that the reasons for owning gold have not changed. I expect imminent recession to be more likely than imminent takeoff and hence the real yield (a key gold driver) should remain low.”

By Neils Christensen of Kitco News nchristensen@kitco.com

[HDB]

Although article makes sense, they are still speculative in nature.. No one besides Mr market knows what is really happening!!

 

You need an unlimited flow of funds to shake markets.. If the above article  is true , we still don't know how much clout they got to take it down further!!!

 

Id rather be out of gold when these big guys manipulate as one can get burnt rather badly either way long or short,,

 

One thing I always say... Short gold and gold shares in January. Close shorts around April / May...And then go long from June to Dec!!  7 out of 10 times you will be in the money.. Check the gold chart for the last 10 years and you will see!! Gold always gives a good pullback in February but this year was more than a pull back...was a freak!n crash!!!